My response to a question on investing in technology from a message board friend.
Petri? Time for tech?
by: petri37901 05/20/06 07:15 am
Msg: 4051 of 4053
Moon, With the past few week drop I may have gotten into a rut on antsy about Techs. Contrary to other longer termers here, I am not an advocate of buying low because I don't when we are there until it is over. So I rather be a nit picker and say buy after the bottom. The TA on that point is not the most reliable so one need to also look at the fundamentals to support that conclusion. Give up some of the up move and let the recovery get some legs before you leap. i.e. -PATIENCE ! My take is that the Techs and the QQQQ still look weak so it's too early to buy much. Remember our friend Bob stated one of his last signal was weak and not confirmed as he would like. So as I see it that signal to buy of over a week ago was badly wrong. Buyer beware, a half loaf is better than no loaf. I am not convinced to buy techs here unless one is looking years ahead and willing to take more losses. A " no brainer" is to nibble or average in a small amount. Not all wrong nor all right. I'm still a Maverick so this approach may not fit others.
Pete/petri37901
by: petri37901 05/20/06 07:15 am
Msg: 4051 of 4053
Moon, With the past few week drop I may have gotten into a rut on antsy about Techs. Contrary to other longer termers here, I am not an advocate of buying low because I don't when we are there until it is over. So I rather be a nit picker and say buy after the bottom. The TA on that point is not the most reliable so one need to also look at the fundamentals to support that conclusion. Give up some of the up move and let the recovery get some legs before you leap. i.e. -PATIENCE ! My take is that the Techs and the QQQQ still look weak so it's too early to buy much. Remember our friend Bob stated one of his last signal was weak and not confirmed as he would like. So as I see it that signal to buy of over a week ago was badly wrong. Buyer beware, a half loaf is better than no loaf. I am not convinced to buy techs here unless one is looking years ahead and willing to take more losses. A " no brainer" is to nibble or average in a small amount. Not all wrong nor all right. I'm still a Maverick so this approach may not fit others.
Pete/petri37901
posted by Pete at 6:27 AM
0 Comments:
Post a Comment
<< Home